It is all obvious or trivial except…

My word, these arguments do look familiar

Now the Lords\’ European Union Committee has attacked the FTT, questioning its viability. In a letter to Treasury minister Mark Hoban, Lord Roper, the Lords committee\’s chairman, said: \”We note with concern the EC\’s impact assessment concludes that the tax is likely to induce a loss in GDP between five and 20 times larger then the revenues raised.\”…….However, the Lords committee said it \”remained to be convinced such a tax would reduce instability in the market or prevent another financial crisis\”…….